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Another rejection.


Another Rejection: PeopleSupport Inc.'s board rejected the latest acquisition proposal from IPVG Corp. and AO Capital Partners due to concerns over funding. IPVG Corp., which is a call center operator based in the Philippines, raised its unsolicited takeover offer earlier this month for the PeopleSupport, a Los Angeles-based outsourcing company, to $17 per share from $15. PeopleSupport rejected the first offer in December.

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Title Annotation:News of the Week; PeopleSupport Inc.rejected IPVG Corp.'s acquisition proposal
Publication:Los Angeles Business Journal
Article Type:Brief article
Date:Feb 4, 2008
Words:64
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